Benton Commences Drilling on Kingurutik Cu-Ni Project
August 04 2010 - 12:09PM
Marketwired
Benton Resources Corp. ("Benton" or "the Company") (TSX VENTURE:
BTC) is pleased to announce that the Company has initiated drilling
on the Kingurutik Lake copper-nickel project located approximately
60 kilometres north of the world class Voisey's Bay
nickel-copper-cobalt deposit in Labrador. Based on a review of
previous data compiled from exploration programs completed by Teck
Resources Limited ("Teck") in 2007 and 2008 a drill program has
been designed comprising approximately 3000 metres in 12 drill
holes to test six separate target areas. Benton will be operator as
Teck has elected not to participate in the proposed drill program.
Several large gossans were located and mapped by the provincial
government's geological division in 2000 and historical exploration
work in the area had identified high-grade copper and nickel
mineralization with grades up to 6.8% copper and 1.7% nickel. Two
years of systematic exploration by Teck and Benton has been
completed including airborne electromagnetic and magnetic surveys
with ground follow-up by mapping, prospecting, sampling and UTEM
geophysical surveys. As a result, groundwork has identified
multiple diamond drill targets of which six priority areas will be
tested with the current drill program.
Benton is a Canadian based junior mining company with multiple
joint ventures and a diversified property portfolio in gold,
nickel, copper, and platinum group elements. The Company currently
has approximately $C9 million in cash, owns 38.7 million shares and
19.1 million warrants in Coro Mining Corp (TSX: COP), holds 1.5
million shares in Marathon PGM Corp (TSX: MAR), holds 1.5 million
shares in Puget Ventures (TSX VENTURE: PVS), holds 815,000 Bell
Copper Corp shares (TSX VENTURE: BCU) and retains a 2% Net Smelter
Return royalty on the northern portion of the Marathon PGM deposit.
The Company is also in the process of transferring its 100% owned
Bermuda mineral property located near Marathon, Ontario into a new
company to be named Coldwell Copper Corp.
Benton would like to thank the government of Newfoundland and
Labrador for financial support of this project through the Junior
Exploration Assistance program, part of the provincial Mineral
Incentive Program.
Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources
Corp., is the qualified person responsible for this release.
On behalf of the Board of Directors of Benton Resources
Corp.
Stephen Stares, President
Forward-looking statements in this release are made pursuant to
the safe harbour provisions of the Private Securities Litigation
Reform act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts: Benton Resources Corp. Stephen Stares (807)475-7474
(807)475-7200 (FAX) www.bentonresources.ca Investor Relations Clair
Calvert 204-799-2086